LCAA (LCAA) Correlation Distribution
Across 6,457 rolling correlation observations between LCAA (LCAA) and other NASDAQ-listed stocks, 26.4% are positive and 73.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.248, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.4% and strong negative correlations (≤−0.7) for 7.2%.
- Total observations
- 6,457
- Mean correlation
- -0.248
- Most common range
- -0.7 to -0.6
- Positive pairs
- 26.4%
- Strong positive (≥0.7)
- 5.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 230 | 3.6% | |
| -0.8 to -0.7 | 230 | 3.6% | |
| -0.7 to -0.6 | 1,179 | 18.3% | |
| -0.6 to -0.5 | 1,179 | 18.3% | |
| -0.5 to -0.4 | 615 | 9.5% | |
| -0.4 to -0.3 | 614 | 9.5% | |
| -0.3 to -0.2 | 253 | 3.9% | |
| -0.2 to -0.1 | 253 | 3.9% | |
| -0.1 to 0.0 | 196 | 3.0% | |
| 0.0 to 0.1 | 195 | 3.0% | |
| 0.1 to 0.2 | 161 | 2.5% | |
| 0.2 to 0.3 | 160 | 2.5% | |
| 0.3 to 0.4 | 191 | 3.0% | |
| 0.4 to 0.5 | 191 | 3.0% | |
| 0.5 to 0.6 | 229 | 3.5% | |
| 0.6 to 0.7 | 228 | 3.5% | |
| 0.7 to 0.8 | 155 | 2.4% | |
| 0.8 to 0.9 | 155 | 2.4% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of LCAA?
LCAA (LCAA) has an average correlation of about -0.248 with other NASDAQ stocks, based on 6,457 pairwise observations.
Is LCAA positively correlated with other stocks?
Not predominantly — 26.4% of pairs are positive and 73.6% are negative. Strong positive correlations (≥0.7) make up 5.4%.
What is the most common correlation range for LCAA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.9% of all pairs.
Explore the full interactive correlation distribution for LCAA.
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